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Sorry Steve , but I don't see this as negative talk . It's really about varying your exposure to the market at different times of the cycle. ( well at least that's the way I see it ). Bill's not talking about selling and not doing anything with his money. To quote him You have an...

Yes.. Even as part of your strategy as you go . You could buy, for example, 19 cash flow properties towards the end of a cycle . Sell off 10 and own the other nine outright. This would give you an income of around 50 K after expenses ( also would provide a basic retirement ) . Then you can...

Actually the 850's are quite a nippy car though I prefer my " Thrills " off the road. http://www.somersoft.com/forums/gallery/showphoto.php?photo=1184 http://www.somersoft.com/forums/gallery/showphoto.php?photo=1183 and my latest purchase ( not my boat or me on it :cool: )...

That's why I drive a Volvo :eek: :rolleyes: See Change

Actually Quiggles ,this is my concern about the whole system. At Steve's last seminar I asked him what would happen if there was a prolonged slump as you described and his answer was one word . That answer to to quote him was " Disaster ". While there are many safeguards within...

The difference is the consequences if you slip or the some extraneous factor happens to disturb the environment you're working in. There is less risk associated with working 30 cm of the ground compared with 50 m. See Change

:) An ever increasing amount of Debt.... You're not the only one. Part of it has to do with the scale. While I'd guess there are many around who would feel comfortable with having an LVR of 80 % on a property portfolio of 1 mill, I'm not sure how many would feel the same degree of comfort...

Sorry Nigel , not quite that simple. I'm happy to sell properties (and have done so recently ) if I think I can make better use of the money in the mean time while I wait for the next cycle. See Change

I'm with Dunc on this. I don't have a written down plan , though I could write one if I wanted. Problem is that I'm finding out new stuff all the time, so why commit myself to a plan when in six days or six months I might have found a better way to get there. This is a problem with all of the...